From 6 April 2020, an individual (not a company) but also trustees and personal representatives, who sell a house or flat and make a capital gain on which capital gains tax (CGT) is payable (ie, not fully covered by principal private residence relief (PRR)), must report the gain and pay the CGT due within 30 calendar days of the completion of the sale of the property. This was the so-called ‘30-day CGT pay and file regime’.

However, in the Autumn 2021 Budget, changes were made. The government extended the time limit for reporting the gain and paying the CGT from 30 days to 60 days. This revised measure has effect for disposals that completed on or after 27 October 2021.